SOLD: THE PHILADELPHIA 76ERS GET NEW OWNERS

Comcast Spectacor has sold the Philadelphia 76ers basketball team.  The company announced that it sold the NBA franchise to a new group led by billionaire Joshua Harris.  Apollo Global Management LLC is the new owners of the Sixers; the same company recently bought the rights to American Idol.  Terms of the deal have not been disclosed, but various reports put the price tag at around $280 million.  Comcast Spectacor had owned the Sixers since 1996.

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